Home prices are normalizing but remain high, with record mortgage rates making homes unaffordable for many buyers. This has led potential homeowners to search outside expensive urban areas, especially with remote work options. Data from Realtor.com's Cross-Market Demand Report shows the top cities looking to buy homes in San Diego, with Los Angeles leading at 37.1% of views, followed by Riverside...
Growth Expected: Sales and prices are predicted to rise, with median home prices hitting $909,400 in 2025. Lower Interest Rates: A projected drop to 5.9% for 30-year mortgages should drive market activity by easing the "lock-in" effect....
California homeowners face widespread insurance non-renewals due to increased wildfire risks and rising costs. Tens of thousands of residents have lost insurance policies, leaving fewer options in high-risk areas....
California’s rental security deposit law limits the amount landlords can charge and specifies its allowed uses. Landlords can charge one month’s rent, but smaller landlords can charge up to two months’ rent....
Bakersfield MSA is projected to grow by 1.8% due to affordability and a strong job market. Riverside-San Bernardino MSA also expects 1.8% growth, attracting buyers with lower urban costs....
San Francisco MSA is projected to decline by 3.5%, driven by high living costs and remote work trends. Eureka MSA expects a 4.7% drop, largely due to stagnant job growth and high living expenses....
Roof Inspection - Look for signs of damage or aging - Conduct up-close assessments, not just visual checks - Ensure no unforeseen expenses post-purchase - Verify roof and structural warranties Foundation and Structure - Look for cracks, settling, or moisture infiltration - Assess structural integrity - Identify deferred maintenance issues early...
Homebuying in California has sharply declined since March 2022, following a series of rate hikes. Average home sales reached 260,200 annually, 40% below March 2022's pace of 434,100....
California’s Legislature passed over thirty bills addressing homelessness and housing shortages in September 2024. Current legislation emphasizes central planning to achieve an “adequate” housing supply in California....
California home sales dropped to an annualized rate of 262,050, a 6.3% decrease from July. Median home prices reached $888,740, showing a 0.2% increase from the previous month....
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